XML 87 R11.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Divested Operations
 12 Months Ended
Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Divested Operations
DIVESTED OPERATIONS
During 2019, we divested three funeral home businesses whose building leases expired and sold a funeral home business for $0.9 million. In addition, we merged a funeral home business with a business in an existing market. During 2018, our management agreement with a Florida municipality expired and as a result, we divested three of our cemetery businesses. During 2017, we sold a funeral home business in Kentucky for $0.6 million.
The operating results of these divested businesses are reflected in our Consolidated Statements of Operations as shown in the table below (in thousands):
 
Year Ended December 31,
 
2017
 
2018
 
2019
Revenue
$
605

 
$
4,712

 
$
805

 
 
 
 
 
 
Operating income (loss)
277

 
1,130

 
(569
)
Other, net(1)
191

 
(349
)
 
(3,883
)
Income tax benefit (provision)
(187
)
 
(246
)
 
1,288

Net income (loss) from divested operations
$
281

 
$
535

 
$
(3,164
)

 
 
 
(1)
Reflects the net gain (loss) on disposal.